The 3D facial recognition software tool is expected to witness a highest growth.”

The global facial recognition market is expected to grow from USD 4.05 billion in 2017 to USD 7.76 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9% during forecast period. The 3D facial recognition software tool analyzes, identifies, and verifies the facial characteristics of individuals with high potential. The 3D facial recognition technology uses 3D geometric features of the human face, which are compared with the images stored in the database. The increased need for enhanced surveillance and monitoring at public places and the increase in use of facial recognition technologies in industries, such as the government are said to be driving the facial recognition market growth.

Training and consulting services segment is expected to have the largest market share during the forecast period

In the facial recognition market, the training and consulting services segment includes feasibility assessment, analysis, and advisory of large-scale governmental and military projects. It also includes requirement gathering, biometric security design, technology evaluation, and validation of biometric features. Several leading service providers offer training and consulting services in the facial recognition market.

Law enforcement segment is expected to have the largest market size during the forecast period

Facial recognition software and services are predominantly applied at the premises where enforcement, surveillance, and monitoring of the facial detection law is needed. Facial recognition technologies are capable of recognizing faces in real-time using webcam; providing accurate gender information; detecting age, mood, and other features; and searching faces from the database. The demand for the software is expected to have increased, due to the increasing data breaches and the enterprises’ growing need to save resources from unauthorized access.

“North America is expected to witness the highest growth during the forecast period

Among the 5 regions, North America is expected to have the largest market size in the facial recognition market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. Major initiatives taken for the growth of the facial recognition technology have their origin in this region. The smart city initiatives taken by the government in this region has positively impacted the adoption trend of the facial recognition technology across the region, to enhance the monitoring and improve the surveillance.

The facial recognition market has been segmented on the basis of components (software tools and services), technology, use cases, end-users, and regions. The facial recognition software tools include 2D facial recognition, 3D facial recognition, and thermal face recognition. The services segment includes training and consulting services, and cloud-based facial recognition services. The technologies segment includes facial recognition software and Software Development Kit (SDK), middleware, databases, modeling and restructuring, and analytics solution. On the basis of use cases, the facial recognition market is divided into emotion recognition, attendance tracking and monitoring, access control, and law enforcement. On the basis of end-users, the facial recognition market is segmented into government, enterprises, and other end-users. The other end-users segment includes casinos, public places, automotive, mobile application, and home security systems. The government sector is further segmented as Homeland Security and military, while the enterprises sector is subsegmented into Banking, Financial Services, and Insurance (BFSI), healthcare, and retail. Finally, on the basis of regions, the facial recognition market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The report will help the market leaders and new entrants in the facial recognition market in the following ways:

The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across various industry verticals and regions.

The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.

The report helps in understanding the competitors better and gaining more insights to strengthen their position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

10 Geographic Analysis10.1 Introduction10.1.1 North America10.1.1.1 North America, By Country10.1.1.1.1 United States10.1.1.1.2 Canada10.1.1.2 North America, By Component10.1.1.3 North America, By Software Tool10.1.1.4 North America, By Service10.1.1.5 North America, By Technology10.1.1.6 North America, By Use Case10.1.1.7 North America, By End-User10.1.2 Europe10.1.2.1 Europe, By Country10.1.2.1.1 United Kingdom10.1.2.1.2 Germany10.1.2.1.3 France10.1.2.1.4 Rest of Europe10.1.2.2 Europe, By Component10.1.2.3 Europe, By Software Tool10.1.2.4 Europe, By Service10.1.2.5 Europe, By Technology10.1.2.6 Europe, By Use Case10.1.2.7 Europe, By End-User10.1.3 Asia Pacific10.1.3.1 Asia Pacific, By Country10.1.3.1.1 China10.1.3.1.2 Japan10.1.3.1.3 South Korea10.1.3.1.4 Singapore10.1.3.1.5 Rest of Asia Pacific10.1.3.2 Asia Pacific, By Component10.1.3.3 Asia Pacific, By Software Tool10.1.3.4 Asia Pacific, By Service10.1.3.5 Asia Pacific, By Technology10.1.3.6 Asia Pacific, By Use Case10.1.3.7 Asia Pacific, By End-User10.1.4 Latin America10.1.4.1 Latin America, By Country10.1.4.1.1 Brazil10.1.4.1.2 Mexico10.1.4.1.3 Rest of Latin America10.1.4.2 Latin America, By Component10.1.4.3 Latin America, By Software Tool10.1.4.4 Latin America, By Service10.1.4.5 Latin America, By Technology10.1.4.6 Latin America, By Use Case10.1.4.7 Latin America, By End-User10.1.5 Middle East and Africa10.1.5.1 Middle East and Africa, By Sub-Region10.1.5.1.1 Middle East10.1.5.1.2 Africa10.1.5.2 Middle East and Africa, By Component10.1.5.3 Middle East and Africa, By Software Tool10.1.5.4 Middle East and Africa, By Service10.1.5.5 Middle East and Africa, By Technology10.1.5.6 Middle East and Africa, By Use Case10.1.5.7 Middle East and Africa, By End-User

Figure 1 Global Facial Recognition Market SegmentationFigure 2 Regional ScopeFigure 3 Market Research DesignFigure 4 Data TriangulationFigure 5 Market Size Estimation Methodology: Bottom-Up ApproachFigure 6 Market Size Estimation Methodology: Top-Down ApproachFigure 7 North America is Estimated to Have the Largest Market Share in 2017Figure 8 Market Snapshot By Component (2017–2022)Figure 9 Market Snapshot By Software Tool (2017 vs 2022)Figure 10 Market Snapshot By Service (2017 vs 2022)Figure 11 The Global Facial Recognition Market is Expected to Grow Significantly During the Forecast PeriodFigure 12 Analytics Solution Segment is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 13 Facial Recognition Software and Sdk, and North America are Estimated to Hold the Largest Market Shares in the Facial Recognition Market in 2017Figure 14 Asia Pacific is Expected to Have the Highest CAGR During the Forecast PeriodFigure 15 Asia Pacific is Expected to Have the Highest Growth Rate During the Forecast PeriodFigure 16 Facial Recognition Market: Drivers, Restraints, Opportunities, and ChallengesFigure 17 Services Segment is Expected to Grow at A Higher CAGR During the Forecast PeriodFigure 18 3D Facial Recognition is Expected to Be the Fastest-Growing Software Tool During the Forecast PeriodFigure 19 Cloud-Based Facial Recognition Services Segment is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 20 Analytics Solution is Expected to Be the Fastest-Growing Technology in the Facial Recognition MarketFigure 21 Law Enforcement is Expected to Account for the Largest Market Size in the Facial Recognition Market During the Forecast PeriodFigure 22 The Government Segment is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 23 Military End-User is Expected to Grow at A Higher CAGR in the Facial Recognition MarketFigure 24 Healthcare is Expected to Be the Fastest-Growing Segment in the Enterprises End-User of the Facial Recognition MarketFigure 25 Asia Pacific is Projected to Grow at the Highest CAGR in the Facial Recognition Market During the Forecast PeriodFigure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 27 North America: Market SnapshotFigure 28 Software Tools Segment is Expected to Grow With Larger Market Share in North America During the Forecast PeriodFigure 29 Software Tools Segment is Expected to Grow With Larger Market Share in Europe During the Forecast PeriodFigure 30 Asia Pacific: Market SnapshotFigure 31 Software Tools Segment is Expected to Grow With Larger Market Share in Asia-Pacific During the Forecast PeriodFigure 32 Software Tools Segment is Expected to Grow With Larger Market Share in Latin America During the Forecast PeriodFigure 33 Software Tools Segment is Expected to Grow With Larger Market Share in Middle East and Africa During the Forecast PeriodFigure 34 Aware: Company SnapshotFigure 35 NEC Corporation: Company SnapshotFigure 36 3M Company: Company SnapshotFigure 37 Gemalto: Company Snapshot

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